Textbook Definition of Sunk Costs: Fixed costs that cannot be recovered once they have occurred.
She-conomic Definition: All the past time/money/tears you "invested" in a relationship. Since these costs occurred in the past, they are "sunk."
Have you ever had a friend/roommate/acquaintance who prolonged an unhappy relationship for months and years just because she felt like she had "invested so much" in the relationship and didn't want to walk away after all of that effort? Better to cut your losses, I say. (I wonder if Pam Beesly would have dumped Roy sooner if she had had a better understanding of sunk costs. No need to prolong a sub-optimal relationship just because he was your high school sweetheart.)
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